Singapore's stock market closed lower on Friday despite the latest data showing the country's economy expanded by 4.4% year over year in 2024.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,863.94 and 3,880.90 throughout the day. It ended the session at 3,877.50, down 5.08 points or 0.1% compared to Thursday's close.

YZJ Shipbldg up 2.6%; Seatrium, UOB up 1%; Keppel DC Reit down 2.8%; SGX down 5.8%.

In company news, shares of KOP surged over 29% even though the company's consolidated loss attributable to owners widened to SG$1.96 million for the fiscal third quarter that ended Dec. 31, 2024, from SG$605,000 a year earlier.

Eneco Energy's shares were up over 10% after the company's loss attributable to owners in the second half of 2024, narrowed to SG$309,000 from SG$426,000 a year earlier.

Meanwhile, shares of Kingsmen Creatives were up nearly 4% at the close after its US-based entertainment subsidiary, Kingsmen Xperience, entered into a strategic deal memorandum with Black Spade Capital subsidiary S Experience to develop location-based branded attractions in Asia Pacific.